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Palestine Telecommunications Company' Board of directors meeting results

2009-03-05

The board of directors of the Palestinian telecommunications company had been held on 4/3/2009 and its resolutions were as follows:

* To approve the minutes of previous meeting.
*The board decided to approve the recommendation for the general assembly to distribute profits by 25% of the par value of the share.

*The board decided to resume the trading on the company"s shares.

*The board decided to cancel the irregular general assembly because of the lack of access to the necessary approvals.

*The board decided to approve the resignation of the Chief Executive and the appointment of Kamal Abu Khadija as acting Chief Executive.